NSE announces the list of securities subject to the Reversal Trade Cancellation Mechanism (RTCM) for April 2026, covering 300+ stocks under enhanced surveillance.
Impact
High
Severity
High
Justification
RTCM is an NSE surveillance measure that directly cancels reversal trades in listed securities. Inclusion in this list significantly restricts trading patterns for 300+ stocks in the cash market segment for April 2026, with immediate and direct impact on trading activity and liquidity for affected securities.
NSE identifies 18 companies non-compliant with Regulation 31 (Shareholding Pattern submission) for two consecutive quarters (Sep 2025 and Dec 2025). Their securities continue trading in Z Category from March 27, 2026, on Trade for Trade basis.
Impact
High
Severity
High
Justification
Affects 18 listed companies including notable names like Gensol Engineering, Reliance Home Finance, Future Enterprises, and HDIL. Continued Z-category trading with Trade for Trade settlement significantly restricts liquidity and investor participation, making this high importance for holders of these securities.
NSE releases the updated list of 300+ securities subject to the Reversal Trade Cancellation Mechanism (RTCM) for March 2026, a surveillance measure to cancel trades that are reversed within a short timeframe.
Impact
Medium
Severity
Medium
Justification
Affects 300+ securities listed on NSE; RTCM is an active surveillance tool that can result in trade cancellations for reversal patterns, directly impacting traders and brokers dealing in these stocks. High importance due to the large number of securities covered; medium impact as it targets a specific trading behaviour rather than broad market restrictions.
NSE announces list of 323 securities subject to Reversal Trade Mechanism (RTCM) effective February 2026.
Impact
Medium
Severity
Medium
Justification
RTCM is a surveillance measure affecting 323 securities with enhanced monitoring and potential trading reversals to manage market risk and protect investors from abnormal price movements.
24 companies identified as non-compliant with financial results submission requirements will continue trading in Z Category (BZ/SZ Series) on trade-for-trade basis effective January 27, 2026.
Impact
High
Severity
High
Justification
High severity action affecting 24 companies for failing to submit financial results for two consecutive quarters. Trading restrictions imposed through Z Category classification with trade-for-trade settlement, significantly impacting liquidity and investor access.
BSE announces transfer of 30 scrips to 'Z'/'MT' group effective December 12, 2025, due to non-compliance with annual report filing requirements for FY 2024 and FY 2025.
Impact
High
Severity
High
Justification
High severity due to trading restrictions on 30 companies for persistent regulatory non-compliance. These scrips will trade on Trade-for-Trade basis with no intraday trading, significantly impacting liquidity and investor participation.
NSE circular listing 324 securities subject to Reversal Trade Cancellation Mechanism (RTCM) for November 2025, a surveillance measure to prevent price manipulation.
Impact
High
Severity
Medium
Justification
RTCM is a critical surveillance mechanism affecting 324 securities, enabling NSE to cancel erroneous or manipulative trades. High impact on trading operations and investor protection, though routine monthly update.
NSE circular regarding shifting of securities to Z Category for companies non-compliant with Regulation 33 (submission of financial results) for two consecutive quarters.
Impact
High
Severity
High
Justification
Affects trading category of multiple companies, restricting liquidity through trade-for-trade settlement, impacting investor ability to trade these securities.